Amcor (AMCR) COO Jean‑Marc Galvez Receives RSUs; 1,929 Shares Withheld

What Happened

• Jean‑Marc Galvez, Chief Operating Officer, Global Rigids Packaging Solutions at Amcor (AMCR), had restricted stock units (RSUs) vest on 2026‑09‑15. A total of 5,312.6 RSUs converted to ordinary shares (reported as an exercise/conversion of a derivative).
• To cover tax withholding, 1,929 shares were disposed at $42.25 per share for total proceeds of $81,500. After withholding, Galvez received a net 3,383.6 shares.
• The filing also shows award/derivative entries for 45,632 and 7,835 RSU‑type awards. Footnotes state these RSUs were granted on 2025‑09‑15 and vest ratably over the first three anniversaries of the grant date.

Key Details

• Transaction date: 2026‑09‑15; Form 4 filed: 2026‑09‑17 (filed two days after the transaction).
• Converted/vested (derivative): 5,312.6 shares @ $0.00 (RSU conversion).
• Tax withholding (disposition): 1,929 shares @ $42.25 = $81,500 (cashless/share‑withholding to satisfy tax liability).
• Net shares actually delivered to insider after withholding: 3,383.6 shares.
• Footnotes: RSUs were granted 9/15/2025 and vest ratably over three years; each RSU converts to one ordinary share. The 1,929 share disposal is routine tax withholding.
• Shares owned after the transaction are not shown in the provided excerpt.

Context

• This was not an open‑market buy or sell for investment purposes but the routine vesting of previously granted RSUs and a cashless withholding to cover taxes—common for equity compensation.
• No 10b5‑1 plan or late‑filing flag is indicated in the provided data; the Form 4 was filed within two business days of the transaction, which is generally timely.